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Musk On NYT Best Sellers List: "Yeah, It's Fake" ...But The Manhattan Best Sellers Is Legit! themanhattan.press/2024/06/1…

Cathie Wood 'always feels better when the market is worried' — here's why Ark Invest CEO Cathie Wood is shrugging off this week's market jitters, telling CNBC on Friday that concerns among investors actually reinforce her optimism that further gains lie ahead. U.S. equities sold off sharply on Thursday, reversing the initial rally seen in the wake of the midterm elections. AI-related stocks led the rout , sending the tech-heavy Nasdaq Composite into correction territory. On Friday, tech stocks staged a tentative recovery. @elonmusk @MayorAdams @CNBCnow Source: CNBC Finance

The latest status symbol of the 1% is a third kid. ‘It has become rarer for everyone else,’ says an economist Mike Konczal, vice president of policy and research at the Economic Security Project and a former White House economist, studied households headed by 45- to 64-year-olds in his analysis of the Fed’s Survey of Consumer Finances , pooling five surveys from 2013 through 2025. He found that 49% of top-1% earners have three or more children, compared with about 40% of the rest of the top 10%. Families with four or more kids are about as common in both groups, so the gap comes down to the third child: 34% of the 1% stop at exactly three, versus 24% of the merely affluent. @CNBCnow @RayDalio @BloombergTV Source: Fortune

Deranged twist in case of ex-NYPD cop who allegedly killed jogger Katie Suarez Former Police Officer Sayed Mohassib — a 27-year-old city public-school teacher’s aide — made the maniacal statement after he was nabbed in the Oct. 30 slaying of 28-year-old Katie Suarez, who was out for a jog along the Belt Parkway in Brooklyn when she was stabbed twice in the neck and left to die. Mohassib was tracked down partly thanks to surveillance video that captured him walking toward the crime scene and later running from it in a time sequence that fit the horrific apparently random crime, according to the Brooklyn criminal complaint. @MayorAdams @bradlander @RepGraceMeng Source: NY Post

NYPD arrests and charges city schools employee in murder of Brooklyn jogger An employee of the Department of Education with documented mental health issues was arrested and charged with murder Saturday in the recent stabbing death of a Brooklyn jogger, officials said — and lawmakers are asking how he was allowed to work in a city school. NYPD officials said they arrested Sayed Mohassib, 27, and charged him with murder. @CommercialObsrvr @amNewYork @westsiderag Source: Gothamist

Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline Berkshire Hathaway said Saturday it accelerated its share repurchases during the third quarter, as operating and overall profits took a hit. The Greg Abel-led conglomerate bought back $9.6 billion worth of Berkshire stock. That's more than double the $4.5 billion repurchased in the second quarter and brings the company's total buybacks for 2026 to about $14.4 billion. @jimcramer @elonmusk @BloombergTV Source: CNBC Markets

A New Way To Follow The Mayor's Race I’m reaching out with an update and an invitation. As many of you know, Bklyner has been quiet. Like many of you, I’ve spent the past year thinking about what kinds of conversations we need to have to make New York City a better place to live—and how we can move past political drama and sound bites to focus on real solutions. My focus at Bklyner has been on practical, thoughtful reporting on the issues that shape daily life in this city—housing, transit, public safety, education—at the ground level. @RepRitchie @RepTenney @qcvoice Source: Bklyner Brooklyn

Top Wall Street analysts like these 3 dividend stocks for consistent income Democrats' midterm election win has put the artificial intelligence trade in question, as voters clearly expressed opposition to the rapid buildout of data centers. The stock market could remain volatile amid AI trade concerns, macro uncertainties, and geopolitical tensions. In this scenario, investors can add dividend-paying stocks to their portfolios to earn steady income. However, the extensive universe of dividend stocks can make selection challenging. Top Wall Street analysts' recommendations can help investors shortlist attractive dividend stocks, as these experts assign ratings after in-depth financial analysis. @TheStreet @FinancialTimes @jimcramer Source: CNBC Finance

AI Slump Revives Asia’s Forgotten Trades From China to India The unraveling of the AI trade after the US midterm elections is forcing investors to rethink their Asia playbook, reviving demand for out-of-favor Chinese and Indian stocks as well as companies poised to benefit from easing inflation and trade tensions. @nypost @Mets @NYGiants Source: Bloomberg Markets

Op-Ed | Another Albany proposal that will raise food prices must earn a Hochul veto New York has always been a food state. The state’s dairy farmers help make New York the nation’s yogurt capital. Its orchards, vineyards, and family farms feed the Northeast. Its grocers, bakeries, and food makers employ thousands of people from Buffalo to Brooklyn. The issue with the bill lies in its targeting of ingredients that have already undergone rigorous and extensive reviews under a system with the resources and expertise required. This bill duplicates what the federal government does, and will cost companies, retailers and consumers a lot of money – and it is still not positioned to improve food safety. @GuggenheimMuseum @Hyperallergic @MoMAps1 Source: AM New York

Why the prognosis for healthcare stocks is uncertain ahead of Congress’ new makeup Jared Holz, who covers healthcare for Mizuho, says the outlook for the sector is uncertain because of likely gridlock between lawmakers. "The next couple of years I really can't see too much happening," the firm's sector specialist told CNBC's " Fast Money " on Wednesday. "I'm not sure you want to own everything, but you can pick and choose the names… Pharma is trading more expensive than tech for the first time in 20 years. So, I backed away from pharma. I would look at medtech." @CNBCnow @Eric Adams @FortuneMagazine Source: CNBC Markets

Single-Owner Sales Dominate a High-Stakes Auction Season in New York Many of the works headed to the block later this month have not been in the public eye for decades or longer, and their arrival in New York represents an opportunity that may not come again for a generation. Year round, the major auction houses compete to secure the season's most valuable consignments. As New York's November marquee sales approach, they finally announce which major private collections will head to the rostrum. With the great wealth transfer in full swing and a timid market consolidating around masterpieces, autumn has brought with it an unusual density of significant single-owner collections, many offering once-in-a-century opportunities to acquire museum-grade works. @WhitneyMuseum @GothamistNYC @NYDailyNews Source: NY Observer

Steven Spielberg could be directing his first stage musical in NYC Oscar-winner Steven Spielberg could soon be directing a stage show — his first — here in New York, sources told The Post. The acclaimed trio makes for a high-brow Venn diagram of collaborators. @NYObserver @nypost @CommercialObsrvr Source: NY Post

Bushburg in Contract to Buy 60 Wall Street at Jaw-Dropping Discount Bushburg is in contract to purchase the 1.6 million-square-foot office tower in Manhattan’s Financial District for $400 million from Singaporean sovereign wealth fund GIC , according to The Real Deal . The purchase comes five years after Deutsche Bank vacated the premises in 2021. GIC sold down its stake in 60 Wall Street over the past few years, and it had between a 45 and 50 percent stake in the property prior to entering the new contract with Bushberg, according to a source close to the deal. @jimcramer @TheStreet @BillAckman Source: Commercial Observer

Investors brace for lower Anthropic valuation, calling $1.5 trillion a 'stretch' Following tech's selloff on Wall Street this week, some investors are lowering their expectations for Anthropic. The artificial intelligence company had been looking toward a $2 trillion valuation in its IPO up until recently, but stakeholders told CNBC that even $1.5 trillion is now in doubt, with one investor calling that number a "stretch." @FortuneMagazine @PeterSchiff @Eric Adams Source: CNBC Finance

Quest Diagnostics pays $13M to settle kickback allegations involving NY Giants tickets Quest Diagnostics paid over $13 million to resolve allegations that it provided health care providers and executives illegal kickbacks in the form of New York Giants tickets and access to exclusive events, according to the U.S. Attorney’s Office of New Jersey. U.S. Attorney Robert Frazer on Friday said the clinical lab operator, based in Secaucus, NJ, offered clients Giants suite seats and access to training camp in exchange for business referrals. @amNewYork @NYDailyNews @nyjets Source: Gothamist

IRS confirms 2027 tax brackets and a $16,600 standard deduction: a single New Yorker earning $75K could owe about $280 less Stay up to date with the best thing to do, breaking local news, hidden gems, and exclusive recommendations in your city. The standard deduction for single filers rises to $16,600 for 2027 , and every tax bracket is stretching to keep up with inflation. @nypost @nyjets @NYDailyNews Source: Secret NYC

Post-Election Tech Selloff May Hit Properties Linked to AI The tech-dominated Nasdaq stock index tumbled 5.52 percent Thursday two days after the Democrats seized control of Congress and downballot measures curbing data center development succeeded, leaving the fate of many of those projects up in the air. Following Thursday’s bloodbath, the Nasdaq was down more than 10 percent from a record high achieved on Oct. 6, 2026, before recovering 1.09 percent on Friday. Suhail Tayyeb, a professor at the New York University Schack Institute of Real Estate, stressed that any material hits that may face office owners who have heavy exposure to AI tenants will take time to sort out. @BillAckman @elonmusk @Eric Adams Source: Commercial Observer